Why Bitcoin Is Better Than Litecoin, Bitcoin Cash, Nano | Anthony Pompliano Cryptocurrency In 2020

Is Litecoin higher than Bitcoin? What’s the distinction between bitcoin and bitcoin money? Anthony Pompliano, host of the Pomp Podcast, shares his view on bitcoin and cryptocurrency in 2020! Altcoin Daily is the most effective cryptocurrency information channel within the US!

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Why Bitcoin Is Better Than Litecoin, Bitcoin Cash, Nano | Anthony Pompliano Cryptocurrency In 2020

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  1. I believe in a world of multiple cryptocurrency consensus algorithms, so we do not rely so heavily on a single network (i.e. Bitcoin, however I do like Bitcoin too!). This ultimately reduces the risk and should help build a more stable ecosystem. To that end, I just wanted to say that Nano does priorities security and immutability first, but does it in a way that still enables fast transactions over a decentralised network (that will become more decentralised over time A common motto in the Nano community is do one thing and do it well, meaning laser focus on making it the most secure, robust and flexible protocol on layer one. It has transaction prioritisation dependant on the amount of POW done to enable you to compute a tiny bit more than a million spam transactions. Nano also has a network wide difficulty that changes based on the network activity, so it will adjust based on the usage on chain to best utilise the nodes deciding consensus on the network and maintain operation. I also look forward to the memory hard POW that is being researched, which is more expensive to scale and makes for a more resilient network. You can view network node information here if you're interested in doing some research!

  2. The US dollar was originally silver 😉. His point still stands though it was originally and to some degree still is backed with gold.

  3. BTC is the largest Cryptocurrency that has ever existed, that is very true and must be recognized, however there are projects that have had a new course, and this is reflected in the success and strength of the market, recently in the AMA's presented by Alexander Alexandrov has answered something very interesting about his current project VELAS (VLX), which is already considered the first Blockchain Rust based on Open Ethereum and a dynamic consensus, betting on AI "Artificial Intuicuion", being this something more than merging artificial intelligence with the learning. On the other hand, the VLX network has the capacity and sufficient resources to carry out transactions per seconds without compromising the security of any data, IA can perform the previous validations and order and redirect the flow of transactions to the node that will place it in the most block. fast and in conclusion this would improve confirmations at the usual speed. AI knows the fastest and most secure way for blockchain and how to accelerate this speed by optimizing validation and distribution. Finally, I have highlighted this because VELAS has adopted incredible technology and this is great.

  4. Any monetary system has to have savers and spenders. Litecoin was designed to complement Bitcoin for smaller faster transactions in a secure manner.

    As such it’s faster both on chain, and off chain on ramp to the lightening network,. It’s also secure, though not as secure as Bitcoin. Hence it’s designed as ‘Silver’ to Bitcoin’s ‘Gold’.

    Good clip 👍

  5. Hello friend, I would like to mention a very interesting project and I think it is related to your video, since I think this summer will take off to a great extent. Velas / VLX is a solid project. Technology pioneer in artificial intuition; advance the artificial intelligence system added to your blockchain In the near future, it seeks to develop products such as vortexes that serve for fully decentralized multimedia storage, It is like a self-learning neural network. Where you will take action on your behalf, under surveillance, and have other decentralized AI oversight actions to make sure everyone is honest and that everything is acting as it should, you have good capitalization and market volume, and that's because investors They believe in it because of the good ways to bet on the candles web wallet and future services like Velosphere and Vortex. Could you make a video about # VLX velas?

  6. And then we discovered that you can't reliably and securely slap privacy and fungibility on top of a protocol as a second layer.
    Hello Monero. I mean we discovered that in 2014 but nobody is paying attention 🙂

  7. Taxes.
    Although taxation is theft, if you don’t pay them – or even if you do – the government can get you & your Bitcoin by tracing the latter back to you …
    I’m a Bitcoin fan but I worry about it’s transparency which MAKES IT VERY INSECURE. !!!
    BTW I really like your short clips ….. thanks, Altcoin Daily

  8. Hey, Aaron and Austin. How about making a video comparing total stock market cap vs crypto market cap. To show us how undervalue crypto market is at the moment. Today crypto total market cap is only about 1/240 total world stock market cap or about 1/120 total us stock market cap.

  9. Wasn't Segwit / Lightning network tested first with litecoin? I like litecoin because its the test vehicle for bitcoin (with a few more attributes that is). I know that bitcoin core group programmers also work directly hand in hand with litecoin / bitcoin. I feel like these conversations are always missing from these guys.

  10. He nailed it . Bitcoin is built like a tank and it’s the only blockchain that I feel comfortable transferring anything over 1k .

  11. Bitcoin daily …… why is this channel even called alt coin daily and all you do is talk about bitcoin and don’t believe in alt coins at all?

  12. So the guy in the middle admitting that bitcoin is slow and expensive to transact. Store of value? What real investor is storing his money into an assets who is pumping or dumping 30% of it's value in a few hours?

  13. Gold is and always be money. When people went from gold to paper it wasn't because it sucked. It was because bankers came up with what we know today as derivatives. Infact everything including cryptos is actually a deritative of gold.

  14. I don't agree with Pomp that Bitcoin is secure from the government. If you have infinite fiat at your fingertips you have the power to bring Bitcoin down. All you have to do is rent a bunch of hashpower and double spend to oblivion. However, since this has yet to happen I think we are safe for the time being.

  15. Problem is, Bitcoin security is at risk, and needs to be paid for, every 10 minutes. As the block rewards get smaller, you lose a lot of the the security spend, except for the transaction fees. So Bitcoin will eventually only be secured by high transaction fees, and that is, frankly, uncompetitive in the marketplace for digital money. Where feeless coins are showing even better double spend resistance, and emergent decentralisation of consensus, Batcoif will become a very hard sell.

  16. I disagree with Pompliano. Digibyte is more resistant to a 51% attack against it than Bitcoin as it uses 5 separate mining alogorithms making it more secure. It is also much faster, much more scalable, , more decentralized (300k full nodes vs 10K for BTC). much lower transaction fee and even dApps capable. The best case for BTC is that is good as hard money much like Gold is because of its scarcity and liquidity. But transactions involving Gold are only a small percent of the financial transactions taking place on a daily basis. In summary, DGB is better than BTC in almost every way. If Satoshi created DGB instead of BTC we might not have any altcoins.

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